Indeed, the legal system may be facing an uphill battle to handle the mounting costs from time consuming and cumbersome paper-based processes. Up-and-coming blockchain platform JUR, for example, aims to provide a convenient means for businesses to manage such electronic agreements. The platform allows users to easily create smart legal agreements using wizards, thereby eliminating the need for costly legal documentation. Legal ContractsTypically legal contracts are in PDF or paper form. These blockchain-based platforms could even take some of the load off the justice system by providing alternative venues for parties to settle.

Source: Forbes September 01, 2018 18:22 UTC